Since 12th November an aggregated price of social media websites decreased by 5.1 pecent.
Currently the markets are focused (or were focused) on the announcement concerning new project called "Facebook At Work". The new idea of Facebook's management board is aimed at LinkedIn's earnings. Due to this announcement the price of LinkedIn felt by 5 percent the same day.
The 3Q financial results met analysts anticipations, but investors weren't delighted by Facebook's revenue and costs outlook, which probably started a downward trend in its stock prices. Moreover, experts feel anxious about digital advertising market, which is considered to be overheated.
In spite of positively surprising 3Q results of Yelp, the stock price dropped starting a new downward trend. It's good to remember that P/BV Ratios of Facebook, LinkedIn and Yelp are higher than 7, so there are high expectations on their earnings.
There is also a positive info about Angie's List Named. Delloite revealed it's ranking concerning fastest-growing technology companies. Angie's List Named was ranked 219th. Last year the Angie's was 252nd.
Social network websites
Advertising, Computer Software: Prepackaged Software, Computer Software: Programming, Data Processing, Other Consumer Services
Trend Strength: *****, Change: -5.1% Trend start: Wednesday, 2014-11-12 10:15
Angie's List Named One of the Fastest-Growing Companies in North America on Deloitte's 2014 Technology Fast 500TM
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